University of Maryland Medical System · 19 hours ago
Intern, Finance
Linthicum Heights, MD
Internship
Onsite
Intern
$17/hr - $21.39/hrThe University of Maryland Medical System (UMMS) is an academic private health system focused on delivering compassionate, high-quality care. The finance intern will assist in the development and implementation of accounting policies and practices while gaining hands-on experience in healthcare financial operations.
Hospital & Health Care
Responsibilities
Internal financial reporting to Board and Management, and external financial reporting to Bond Rating Agencies and Bond Holders
Oversight and completion of monthly and annual financial statement close procedures and annual consolidated financial statement audit
Compliance with UMMS financial policies and procedures
Establish annual HSCRC approved Global Budget Revenue (“GBR”) and corresponding unit rates. Ensure UMMS is receiving maximum allowed GBRs for each hospital
Ensure approved hospital rates are set to charge to full approved annual GBR
Negotiate hospital specific GBR improvement opportunities with HSCRC
Provide annual hospital revenue budgets using estimated approved GBR and unit rates
Meet all federal and state regulatory reporting requirements
Monitor & report hospital specific HSCRC quality measure performance
Assists in the preparation of various reports for reporting organizational activity for use by Finance Shared Services and other UMMS departments, including various statistical, compliance and regulatory reports for outside agencies such as Center for Medicare and Medicaid Services (CMS), Health Services Cost Review Commission (HSCRC), and the Maryland Hospital Association (MHA) in accordance with the requesting agencies standards and requirements
Assists with monitoring and investigating various financial transactions
Assists with the preparation of various surveys and special requests by senior management and/or outside regulatory agencies
Assists departments to provide analytical and technical support regarding volume and revenue analysis, budgeting and expense analysis and regulatory policies and procedures
Develops work plans and coordinates the successful completion of routine, ad hoc, analyses and projects under supervision
Assists with organizing and maintaining major reports and schedules
Participates in meetings as requested; includes assisting with meeting scheduling, preparation and follow-up, and distribution of meeting agendas and minutes
Qualification
Required
Enrolled in a Baccalaureate or Master's degree program with a minimum GPA of 3.0 of a possible 4.0
Two years college is preferred. Accounting or related major is preferred
Ability to judge the level of confidentiality of information / activities involved in and exhibit integrity in use of dissemination of such information
Proficient in Microsoft Excel, Microsoft Word and Outlook
Ability to work in a team environment with changing demands and timelines
Highly motivated with a desire to learn
Effective verbal and written communication skills are necessary in dealing with a variety of healthcare and finance professionals
Outstanding organization and problem-solving skills
Ability to assess and evaluate financial data via use of computer analysis
Ability to work effectively in a stressful work environment
Preferred
Two years college is preferred
Accounting or related major is preferred
Company
University of Maryland Medical System
The University of Maryland Medical System (UMMS) was created in 1984 when the state-owned University Hospital became a private, nonprofit organization.
Founded in 1984
10001+ employees
H1B Sponsorship
University of Maryland Medical System has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (11)
2024 (15)
2023 (18)
2022 (9)
2021 (5)
2020 (1)
Funding
Current Stage
Late StageLeadership Team
Kenneth Kozel
President and CEO
Hank Franey
Executive Vice President and CFO
Recent News
2023-06-30
Company data provided by crunchbase